Location, location, location: The vast majority of establishments are located in LA and the Bay Area

Among all states, the Property Management industry in California is the largest in terms of revenue. Over the five years to 2017, the industry has grown as construction activity has ramped up across California. The value of nonresidential construction in California has surged, which has yielded a greater number of offices, shopping centers and industrial facilities. Overall, as more residential and nonresidential properties have manifested across the Golden State, property owners have turned to operators to oversee these new properties, abetting demand for property management services. The Property Management industry in California is projected to continue growing, albeit at a comparatively slower rate, over the five years to 2022...read more.

Industry Statistics & Market Size
Revenue
$10bn
Annual Growth 12-17
0.9%
Forecast Growth 17-22
Profit
Employment
108,456
Businesses
35,076
What Our Customers Say

Industry Threats & Opportunities

  • The industry has grown as construction activity has ramped up across California
  • Like the residential market, nonresidential development is anticipated to soften
  • Metropolitan areas are projected to experience continued growth in residential construction
  • Industry Report - Industry Key Buyers Chapter

    Among the estimated 32,912 property management companies in California, the top four operators account for less than 40.0% of revenue, signaling a low level of concentration. Most operators are small companies servicing a narrow geographic region, so they lack the necessary resources to garner a large share of revenue. In fact, an estimated 75.0% of all property management companies in California are nonemployers, and roughly 64.5% of employer firms have fewer than four employees. Over the past five years, market share concentration has trended upward following greater consolidation among operators. For example, Mynd, a residential property management company based in Oakland, acquired San Diego-based Pacific Shore Management in 2017. Nev...purchase to read more.

    Additional Insights for the Property Management in California Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Property Management in California Industry are

  • Having contacts within key markets
  • Having a well-defined strategy/goal
  • Proximity to key markets
  • IBISWorld analysts also discuss how external factors such as Value of Residential Construction in California and Value of nonresidential construction in California in the Property Management in California industry impact industry performance..

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    What is the Property Management in California Industry?

    Industry operators manage residential and nonresidential real estate in California for property owners. Property management responsibilities relate to the overall operation of a property, including maintenance, rent collection, trash removal, security and some renovation activities. Although operators may help manage a property’s accounting system, operations related to the transactions of properties or real estate investments are excluded in this industry.

    Industry Products
  • Residential property management
  • Nonresidential property management
  • Real estate brokerage
  • Land management
  • Construction
  • Industry Activities
  • Collecting rent
  • Managing facilities maintenance services
  • Managing security
  • Managing trash and recycling collection
  • Property accounting
  • Legally representing property owners
  • Finding and screening tenancy applicants
  • Coordinating repair contractors
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Value of Residential Construction in California
  • Value of nonresidential construction in California
  • Homeownership Rate in California
  • Number of Businesses in California

  • Current Performance
  • Multifamily development
  • Nonresidential trends
  • Industry landscape
  • Chart: Revenue Growth

  • Industry Outlook
  • Residential and nonresidential development slowdown
  • Industry landscape
  • Table: Property Management in California Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Property Management in California Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Apartment Rental
  • Commercial Leasing
  • Storage & Warehouse Leasing
  • Land Leasing

  • Key Selling Industries
  • Conveyancing Services
  • Electricians
  • Heating & Air-Conditioning Contractors
  • Janitorial Services
  • Landscaping Services
  • Painters
  • Plumbers

  • Products & Services
  • Residential property management
  • Nonresidential property management
  • Other
  • Real estate brokerage
  • Land management
  • Construction
  • Chart: Property Management in California Industry Products and Services Segmentation

  • Major Markets
  • Residential properties
  • Commercial properties
  • Other nonresidential properties
  • Office buildings
  • Industrial buildings
  • Chart: Major Market Segmentation for the Property Management in California Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases, rent and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Property Management in California

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Property Management in California Industry

  • CBRE Group Inc.Cushman & Wakefield Inc.Essex Property Trust Inc.FPI Management Inc.
  • Table: CBRE Group Inc. - financial performance
  • Table: Cushman & Wakefield Inc. - financial performance
  • Table: Essex Property Trust Inc. - financial performance
  • Table: FPI Management Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Property Management in California Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Property Management in California Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Value of Residential Construction in California (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Class A Building
  • A commercial office building that commands the highest rent due to the attractiveness and prestige associated with location, tenancy, amenities and overall desirability.
  • Dwelling
  • A place of residence, such as an apartment or house.
  • Real Estate Investment Trust
  • A legal entity that uses pooled investor capital to purchase and manage income property or mortgage loans. To qualify as an REIT, the entity must distribute at least 90.0% of taxable income.
  • Vacancy Rate
  • The amount of real estate space unoccupied as a percentage of total available space.
  • Why buy this report?

    IBISWorld’s industry research report on Property Management in California provides up-to-date sales and market data, allowing you to identify the product and customer segments driving revenue growth. The report identifies the leading companies in the industry, and offers strategic analysis of the key factors influencing the market. Our data forecasts are accompanied by full analysis to illustrate how the market is responding to dominant and emerging trends.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Property Management in California:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Property Management in California market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Property Management in California, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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